Developing Asia Fastest Growing Region

Developing Asia remains the fastest growing region globally despite slower-than-expected growth in major industrial countries as key economies move ahead with structural reforms, says a new ADB report. Read More

A Broader View of Asian Poverty

Food insecurity and economic vulnerability should be included in a broader definition of poverty that could help policymakers develop more effective approaches, says new ADB report. Read More

Maldives Most At-Risk Economy in South Asia from Climate Change

Climate change impacts, if left unchecked, could cause the Maldives annual losses of over 12% of GDP by 2100, says an ADB report. Read More

Stable Growth Outlook for Developing Asia

Developing Asia’s outlook remains on track despite slower-than-expected first-quarter growth in the United States. Read More

Overview

The Maldives has enjoyed sustained growth, driven largely by its luxury tourism industry. In 2011, it graduated to middle-income status, and average incomes are now among the highest in South Asia. However, broad income disparities between the capital Malé and the outer islands remain.

Since 1978, ADB has been a major development partner of the Government of the Maldives. ADB has focused on capacity building in public sector financial management, and support for transport, energy, and micro, small, and medium-sized enterprises.

Fast Facts

0.43 (2013)
Population in millions

1.8% (2008-2013)
Average annual population growth rate

15.0% (2010)
Population living below the national poverty line

ADB Lending

Amount ($M) / %
Sector (No. of loans)
12.30 / 6.73
Education (2)
 
30.30 / 16.57
Energy (4)
 
12.00 / 6.56
Finance (2)
 
17.52 / 9.58
Industry and Trade (3)
 
32.18 / 17.60
Multisector (4)
 
41.50 / 22.70
Public Sector (3)
 
31.03 / 16.97
Transport and ICT (5)
 
6.00 / 3.28
Water Supply (1)
 
182.83 / 100.00
TOTAL (24)
Cumulative as of 31 December 2013